Nides was chief of staff for Connecticut Democratic U.S. Senator Joseph Lieberman’s failed vice-presidential campaign in 2000 and worked for former House Speaker Thomas Foley. He’s an ally of Morgan Stanley Chairman John Mack, having been Mack’s CAO at Morgan Stanley and Credit Suisse First Boston.

Al Kamen is hearing that Nides is Lew's likely successor. If Nides is the man, he's going to face a deeper pay cut from his $3,143,382.00 job than the outgoing D/MR. The Deputy Secretary of State earns just $177,000 a year year.